# Cabinet approves MSP hikes for all 14 kharif season crops for the upcoming 2024-25 season - The Hindu

> India's Cabinet raised minimum support prices for all 14 kharif crops for 2024-25, with paddy up 5.35% to ₹2,300 per quintal. The government already holds a record rice stockpile, more than four times the required buffer. Bajra, arhar dal, maize and black gram offer the highest margins over production costs.

- Date: 2024-06-19 · published 2024-06-19T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/29829-cabinet-approves-msp-hikes-for-all-14-kharif-season-crops-for-the-upcoming-2024
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher Indian support prices underpin domestic grain values and make India less likely to release cheap rice and maize exports, supporting world feed grain prices.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-07-14 | [MSP hike in Kharif crops may dent India's farm exports in long term \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/63991-msp-hike-in-kharif-crops-may-dent-india-s-farm-exports-in-long-term-economy-and.md) | +1.0% | -10.7% |
| RICE | 2023-10-19 | [Steps in place to check price rise during festival season: Centre - The Hindu](https://feedsoft.ai/events/33577-steps-in-place-to-check-price-rise-during-festival-season-centre-the-hindu.md) | +1.6% | +6.8% |
| RICE | 2024-01-08 | [Indian rice exporters expect to face challenges due to policy risks, high prices in 2024 - The Hindu](https://feedsoft.ai/events/32109-indian-rice-exporters-expect-to-face-challenges-due-to-policy-risks-high-prices.md) | -0.1% | +6.1% |
| RICE | 2018-03-19 | [Rice exporters in fear as move to hike MSP will make it expensive in global markets - The HinduBusinessLine](https://feedsoft.ai/events/65962-rice-exporters-in-fear-as-move-to-hike-msp-will-make-it-expensive-in-global.md) | -0.8% | +4.8% |
| RICE | 2023-09-28 | [Export ban on rice is regulation rather than restriction for food security: India to WTO's agriculture committee meet - The Hindu](https://feedsoft.ai/events/34051-export-ban-on-rice-is-regulation-rather-than-restriction-for-food-security.md) | -3.3% | -0.3% |
| CORN | 2017-06-14 | [China approves two new GMO varieties for import, renews 14 \| Farmtario](https://feedsoft.ai/events/70352-china-approves-two-new-gmo-varieties-for-import-renews-14-farmtario.md) | -2.1% | -0.3% |
| CORN | 2026-09-16 | [Farm Bill 2.0 passes the Senate Agriculture Committee - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/17470-farm-bill-2-0-passes-the-senate-agriculture-committee-agweek-1-source-for.md) | -0.6% | -5.6% |
| CORN | 2020-12-24 | [Will China’s hog sector industrialization hike crop imports?](https://feedsoft.ai/events/49642-will-china-s-hog-sector-industrialization-hike-crop-imports.md) | +4.9% | +14.4% |

## Sources

- thehindu.com: https://www.thehindu.com/news/national/centre-raises-paddy-msp-by-117-to-2300-per-quintal-for-2024-25/article68308607.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.